Please
refer to Regulation-7 of the Regulations
issued under Credit Bureaus Act 2015, wherein
the Licensed Credit Bureaus are required
to collect data from their member Financial
Institutions (FIs) by the 10th of each month.
Further, Regulation O-8 of Prudential Regulations
for Microfinance Banks (MFBs), wherein MFBs
are also required to submit their data to
SBP on a monthly basis by the 10th of every
month.
2. As per BSD Circular No 6 dated
May 08, 2006, all eCIB member FIs are required
to submit their monthly data to SBP by the
15th of the following month. In order to
bring uniformity in eCIB data submission
timeline, it has now been decided that all
member financial institutions are required
to submit their monthly data to SBP by the
10th of every month instead of 15th. This
step will also reduce the time lag of availability
of the eCIB data and will also facilitate
the FIs in making prudent lending decisions.
3. Accordingly, it is advised
to submit the eCIB data for the month of
March 2020 to SBP by April 10, 2020 and
thereafter by 10th of every month.
Please acknowledge receipt.